Detroit’s casinos generate $112.5m in August revenue

The Michigan Gaming Control Board has released its Detroit casino revenue results for the month of August. All three locations reported $112.5m in combined revenue last month.

Table games and slot revenue from the city’s three casinos accounted for almost $110.8m of the total for August. The remaining nearly $1.7m in revenue came from retail sports betting.

Last month’s report showed that revenue from both slots and table games reflected a 5.9% increase year-over-year.

Revenue last month rose by 4.2% when compared to numbers posted for July.

MGM once again held the top spot during August, accounting for 48% of the month’s market shares. MotorCity and Hollywood Casino at Greektown followed close behind, with 28% and 24% respectively.

All three Detroit destinations reported a rise in monthly gaming revenue during August.

MGM reported an 8.9% rise in August revenue when compared to results from July. Total revenue climbed to $53.9m for the month.

MotorCity reported a slight boost in revenue last month. The casino’s total August revenue reached nearly $30.7m and grew by 0.1%.

Hollywood Casino at Greektown posted almost $26.2m in revenue last month, up by 7.4% month-over-month.

Detroit’s casinos paid the state nearly $9m in gaming taxes during the month of June and contributed an additional $17.3m in wagering taxes and development agreement payments to the city.

When it came to retail sports betting last month, the city’s three casinos brought in a total handle of almost $9.6m, with $1.7m in total gross receipts.

Qualified adjusted gross receipts (QAGR) for the month rose by $1.4m year-over-year.

MotorCity grabbed the top spot for sports betting activity for the month, reporting a QAGR of nearly $0.9m.

Laura Mack

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